SOUTHERN GROVE COMMUNITY DEVELOPMENT DISTRICTS 1-6

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

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		751,391	706,573	706,573	
DEBT ASSESSMENTS		969,263	957,276	957,276	
BOND PREPAYMENTS			1,535,254	1,535,254	
INTEREST INCOME			12,505	12,506	
OTHER INCOME: ENGINEERING REVENUE FEES	156,533	156,533	
SPECIAL BOND REVENUE			0	561,161	
STORMWATER		400,000	619,925	619,925	
DEVELOPER CONTRIBUTION - TIM		1,113,700	1,113,700		
FUND CARRY FORWARD			0	0	
TOTAL REVENUES		$	3,234,354	$	5,101,765	$	4,549,227	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE		6,500	6,896	1,300	
ASSESSMENT ROLL		6,000	6,377	6,000	
AUDIT		36,000	37,573	20,800	
COPIES		2,500	2,500	1,203	
DISSEMINATION AGENT		3,000	3,000		
DISTRICT COUNSEL		48,000	61,080	60,010	
DUES, LICENSES, FEES		1,050	1,050	1,050	
ENGINEERING		175,000	180,611	164,849	
GENERAL INSURANCE		34,900	38,015	38,015	
LEGAL ADVERTISING		3,800	3,800	1,676	
MANAGEMENT		31,120	33,076	31,120	
MEETING ROOM		0	0		
MISCELLANEOUS		2,000	2,000	688	
OFFICE RENT		16,500	17,692	16,685	
OFFICE SUPPLIES		1,000	1,000	230	
POSTAGE AND SHIPPING		500	665	659	
SUPERVISOR FEES		4,800	4,800		
TIF/SAD REBATE ANALYSIS		26,010	60,110	60,110	
TIM - CAPITAL OUTLAY		720,000	720,000	127,849	
TRAVEL AND PER DIEM		500	543	513	
TRUSTEE SERVICES		7,000	14,103	12,416	
CONTINUING DISCLOSURE		0	1,500	1,500	
WEBSITE		4,500	4,500	4,500	
					
TOTAL ADMIN EXPENSES		1,130,680	1,200,890	551,173	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
					
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		45,000	45,000	38,425	
BULDING MAINTENANCE		1,000	1,000	0	
TIM OPERATIONS (Bond/Developer Funded)		393,700	433,312	433,312	
CONTINGENCY - MAINTENANCE		100,000	100,000	103,625	
COMMUNITY AREA MAINTENANCE		0	5,048	5,048	
ELECTRIC		25,000	25,000	2,224	
ENGINEERING - MAINT.		175,000	175,000	164,849	
FIELD MANAGEMENT		16,000	16,638	16,000	
FOUNTAIN MAINTENANCE & CHEMICALS		10,000	13,905	13,828	
IRRIGATION PARTS & REPAIRS		8,000	13,736	13,736	
IRRIGATION WATER		2,000	2,000	0	
LANDSCAPE MAINTENANCE		46,600	108,228	108,228	
MITIGATION MAINTENANCE		82,000	116,318	115,849	
PEST CONTROL		2,000	2,000	75	
SECURITY		40,000	40,000	0	
SIDEWALK CLEANING AND REPAIR		30,000	30,000	0	
SIGNAGE		10,000	10,000	395	
STORMWATER CONTROL		50,000	51,976	49,980	
STREETLIGHT MAINTENANCE AND REPAIR		2,000	2,000	0	
TREE/PLANT REPLACEMENT & TRIM		36,000	36,000	0	
TOTAL MAINTENANCE EXPENSES		1,074,300	1,227,162	1,065,574	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	

TOTAL EXPENDITURES		$	2,204,980	$	2,428,052	$	1,616,747	

EXCESS / (SHORTFALL)		$	1,029,374	$	2,673,713	$	2,932,480	
					
PAYMENT TO TRUSTEE (2019 Bond)		(498,944)	(508,022)	(508,022)	
PAYMENT TO TRUSTEE (2020 Bond)		(392,779)	(399,971)	(399,971)	
BOND PREPAYMENTS TO TRUSTEE			(1,535,254)	(1,535,254)	
					
BALANCE		$	137,652	$	230,466	$	489,233	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(68,826)	(68,826)	(66,670)	
DISCOUNTS FOR EARLY PAYMENTS		(68,826)	(68,826)	(65,934)	
					
EXCESS / (SHORTFALL)		$	-	$	92,814	$	356,629	
					
CARRYOVER FROM PRIOR YEAR		-		18,655	
					
NET EXCESS / (SHORTFALL)		$	-	$	92,814	$	375,284	

FUND BALANCE AS OF 9/30/21			$	506,947	
FY 2021/2022 ACTIVITY			92,814	
FUND BALANCE AS OF 9/30/22			$	599,761	

AMENDED FINAL BUDGET
SOUTHERN GROVE COMMUNITY DEVELOPMENT DISTRICTS DEBT SERVICE
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 ‐ SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Debt Assessments (Net of Fees and Discounts)	930,585	953,019	953,019	
Bond Prepayments	0	1,535,254	1,535,254	
Total Revenues	$	930,585	$	2,488,273	$	2,488,273	
				
EXPENDITURES				
Payments to Trustee (Includes Extra Redemption)	930,585	953,019	953,019	
Bond Prepayments to Trustee	0	1,535,254	1,535,254	
				
Total Expenditures	$	930,585	$	2,488,273	$	2,488,273	
				
Excess/ (Shortfall)	$	-	$	-	$	-	

Reserve Fund Balance (2019) as of 09/30/22:	$	221,928		
Reserve Fund Balance (2020) as of 09/30/22:	$	189,538		
Reserve Fund Balance (2021) as of 09/30/22:	$	401,088		
		Series 2019 BOND		
Original Par Amount =	$7,035,000	Principal Payment	Due May 2022	
Average Coupon Rate = Issue Date =
Maturity Date =	3.82%
November 2019
2043	Interest Payments Due =	May 1st & November 1st	

Par Amount As Of 9/30/22 =	$6,265,000	Subject to adjustment for prepayments

Series 2020 BOND
Original Par Amount =	$6,535,000	Principal Payment	Due May 2022	
Average Coupon Rate =	4.34%	Interest Payments Due =	May 1st & November 1st	
Issue Date =	June 2020			
Maturity Date =	2046			

Par Amount As Of 9/30/22 =	$5,935,000	Subject to adjustment for prepayments

Series 2021 BOND
Original Par Amount =	$15,730,000	Principal Payment	Due May 2023	
Average Coupon Rate =	3.55%	Interest Payments Due =	May 1st & November 1st	
Issue Date =	June 2021			
Maturity Date =	2048			

Par Amount As Of 9/30/22 =	$15,730,000	Subject to adjustment for prepayments

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		18,526	17,421	17,421	
DEBT ASSESSMENTS		0	0	0	
BOND PREPAYMENTS		0	0	0	
INTEREST INCOME		0	12,486	12,486	
OTHER INCOME: ENGINEERING REVENU	0	156,533	156,533	
SPECIAL BOND REVENUE		0	0	0	
STORMWATER		0	0	0	
DEVELOPER CONTRIBUTION - TIM		0	0	0	
FUND CARRY FORWARD		0	0	0	
TOTAL REVENUES		$	18,526	$	186,440	$	186,440	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0	13	13	
AUDIT*		6,000	6,000	203	
DISSEMINATION AGENT		42	42		
DISTRICT COUNSEL		671	671	585	
MANAGEMENT		435	435	303	
ASSESSMENT ROLL		84	84	59	
TIF/SAD REBATE ANALYSIS		364	586	586	
DUES, LICENSES & FEES*		175	175	175	
ENGINEERING		2,448	2,448	1,607	
GENERAL INSURANCE*		4,900	5,419	5,419	
WEB SITE MAINTENANCE*		750	750	750	
LEGAL ADVERTISING		53	53	16	
MISCELLANEOUS		28	28	7	
TRAVEL AND PER DIEM		7	7	5	
OFFICE SUPPLIES		14	14	2	
OFFICE RENT		231	231	163	
POSTAGE & SHIPPING		7	7	6	
COPIES		35	35	12	
TRUSTEE FEES		0	0		
CONTINUING DISCLOSURE		0	15	15	
CAPITAL OUTLAY		0	0	0	
SUPERVISOR FEES*		800	800	0	
					
TOTAL ADMIN EXPENSES		17,044	17,812	9,925	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
					
EXPENDITURES - MAINT					
LAKE MAINTENANCE		0	0	0	
BUILDING, BRIDGE, MONUMENT MAINT.		0	0	0	
TIM OPERATIONS		0	0	0	
CONTINGENCY - MAINT.		0	0	0	
COMMUNITY AREA MAINTENANCE		0	0	0	
LAKE PORTER SERVICE		0	0	0	
PAINTING		0	0	0	
FIELD MAINTENANCE		0	0	0	
ELECTRIC		0	0	0	
ENGINEERING - MAINT.		0	0	0	
FIELD MANAGEMENT		0	0	0	
FOUNTAIN MAINTENANCE		0	0	0	
HYDRILLA TREATMENT		0	0	0	
LANDSCAPING MAINTENANCE & MATERIALS		0	0	0	
MITIGATION MAINTENANCE		0	0	0	
IRRIGATION		0	0	0	
IRRIGATION PARTS & REPAIR		0	0	0	
PEST CONTROL		0	0	0	
ROAD REPAIR		0	0	0	
SECURITY		0	0	0	
FENCE REPAIR		0	0	0	
SIDEWALK CLEANING		0	0	0	
SIDEWALK REPAIR		0	0	0	
SIGNAGE		0	0	0	
STREETLIGHTS		0	0	0	
STORMWATER MANAGEMENT		0	0	0	
TREE/PLANT REPLACEMENT & TRIM		0	0	0	
WETLAND UPLAND MAINTENANCE		0	0	0	
TOTAL MAINTENANCE EXPENSES		0	0	0	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	

TOTAL EXPENDITURES		$	17,044	$	17,812	$	9,925	

EXCESS / (SHORTFALL)		$	1,482	$	168,628	$	176,515	
					
PAYMENT TO TRUSTEE (2019 Bond)		0	0	0	
PAYMENT TO TRUSTEE (2020 Bond)		0	0	0	
BOND PREPAYMENTS TO TRUSTEE		0	0	0	
					
BALANCE		$	1,482	$	168,628	$	176,515	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(741)	(741)	(718)	
DISCOUNTS FOR EARLY PAYMENTS		(741)	(741)	(710)	
					
EXCESS / (SHORTFALL)		$	-	$	167,146	$	175,087	
					
CARRYOVER FROM PRIOR YEAR		-			
					
NET EXCESS / (SHORTFALL)		$	-	$	167,146	$	175,087	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		45,006	42,322	42,322	
DEBT ASSESSMENTS		0			
BOND PREPAYMENTS		0			
INTEREST INCOME		0	2	2	
OTHER INCOME: ENGINEERING REVENU	0			
SPECIAL BOND REVENUE		0			
STORMWATER					
DEVELOPER CONTRIBUTION - TIM					
FUND CARRY FORWARD		0			
TOTAL REVENUES		$	45,006	$	42,323	$	42,323	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0	132	132	
AUDIT*		6,000	6,000	2,105	
DISSEMINATION AGENT		269	269		
DISTRICT COUNSEL		4,312	6,073	6,073	
MANAGEMENT		2,796	3,149	3,149	
ASSESSMENT ROLL		539	607	607	
TIF/SAD REBATE ANALYSIS		2,337	6,083	6,083	
DUES, LICENSES & FEES*		175	175	175	
ENGINEERING		15,721	16,683	16,683	
GENERAL INSURANCE*		5,300	5,978	5,978	
WEB SITE MAINTENANCE*		750	750	750	
LEGAL ADVERTISING		341	341	170	
MISCELLANEOUS		180	180	70	
TRAVEL AND PER DIEM		45	52	52	
OFFICE SUPPLIES		90	90	23	
OFFICE RENT		1,482	1,689	1,689	
POSTAGE & SHIPPING		45	67	67	
COPIES		225	225	122	
TRUSTEE FEES			0		
CONTINUING DISCLOSURE			152	152	
CAPITAL OUTLAY			0		
SUPERVISOR FEES*		800	800	0	
					
TOTAL ADMIN EXPENSES		41,406	49,495	44,079	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
					
EXPENDITURES - MAINT					
LAKE MAINTENANCE		0	0	0	
BUILDING, BRIDGE, MONUMENT MAINT.		0	0	0	
CONTINGENCY - MAINT.		0	0	0	
COMMUNITY AREA MAINTENANCE		0	0	0	
LAKE PORTER SERVICE		0	0	0	
PAINTING		0	0	0	
FIELD MAINTENANCE		0	0	0	
ELECTRIC		0	0	0	
ENGINEERING - MAINT.		0	0	0	
FIELD MANAGEMENT		0	0	0	
FOUNTAIN MAINTENANCE		0	0	0	
HYDRILLA TREATMENT		0	0	0	
LANDSCAPING MAINTENANCE & MATERIALS		0	0	0	
MITIGATION MAINTENANCE		0	0	0	
IRRIGATION		0	0	0	
IRRIGATION PARTS & REPAIR		0	0	0	
PEST CONTROL		0	0	0	
ROAD REPAIR		0	0	0	
SECURITY		0	0	0	
FENCE REPAIR		0	0	0	
SIDEWALK CLEANING		0	0	0	
SIDEWALK REPAIR		0	0	0	
SIGNAGE		0	0	0	
STREETLIGHTS		0	0	0	
STORMWATER MANAGEMENT		0	0	0	
TREE/PLANT REPLACEMENT & TRIM		0	0	0	
WETLAND UPLAND MAINTENANCE		0	0	0	
TOTAL MAINTENANCE EXPENSES		0	0	0	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	

TOTAL EXPENDITURES		$	41,406	$	49,495	$	44,079	

EXCESS / (SHORTFALL)		$	3,600	$	(7,171)	$	(1,756)	
					
PAYMENT TO TRUSTEE (2019 Bond)		0	0	0	
PAYMENT TO TRUSTEE (2020 Bond)		0	0	0	
BOND PREPAYMENTS TO TRUSTEE		0	0	0	
					
BALANCE		$	3,600	$	(7,171)	$	(1,756)	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(1,800)	(1,800)	(1,744)	
DISCOUNTS FOR EARLY PAYMENTS		(1,800)	(1,800)	(1,725)	
					
EXCESS / (SHORTFALL)		$	-	$	(10,772)	$	(5,224)	
					
CARRYOVER FROM PRIOR YEAR		-	10,772	5,224	
					
NET EXCESS / (SHORTFALL)		$	-	$	-	$	-	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		74,575	70,127	70,127	
DEBT ASSESSMENTS		0	0	0	
BOND PREPAYMENTS		0	0	0	
INTEREST INCOME		0	0	0	
OTHER INCOME: ENGINEERING REVENU	0	0	0	
SPECIAL BOND REVENUE		0	0	0	
STORMWATER		0	0	0	
DEVELOPER CONTRIBUTION - TIM		0	0	0	
FUND CARRY FORWARD		0	0	0	
TOTAL REVENUES		$	74,575	$	70,127	$	70,127	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		0	252	252	
AUDIT*		6,000	6,000	4,030	
DISSEMINATION AGENT		528	528	0	
DISTRICT COUNSEL		8,445	11,628	11,628	
MANAGEMENT		5,475	6,030	6,030	
ASSESSMENT ROLL		1,056	1,163	1,163	
TIF/SAD REBATE ANALYSIS		4,576	11,647	11,647	
DUES, LICENSES & FEES*		175	175	175	
ENGINEERING		30,789	31,943	31,943	
GENERAL INSURANCE*		5,300	5,706	5,706	
WEB SITE MAINTENANCE*		750	750	750	
LEGAL ADVERTISING		669	669	325	
MISCELLANEOUS		352	352	133	
TRAVEL AND PER DIEM		88	99	99	
OFFICE SUPPLIES		176	176	45	
OFFICE RENT		2,903	3,233	3,233	
POSTAGE & SHIPPING		88	128	128	
COPIES		440	440	233	
TRUSTEE FEES		0	0	0	
CONTINUING DISCLOSURE		0	291	291	
CAPITAL OUTLAY		0	0	0	
SUPERVISOR FEES*		800	800	0	
					
TOTAL ADMIN EXPENSES		68,609	82,008	77,811	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
					
EXPENDITURES - MAINT					
LAKE MAINTENANCE		0	0	0	
BUILDING, BRIDGE, MONUMENT MAINT.		0	0	0	
CONTINGENCY - MAINT.		0	0	0	
COMMUNITY AREA MAINTENANCE		0	0	0	
LAKE PORTER SERVICE		0	0	0	
PAINTING		0	0	0	
FIELD MAINTENANCE		0	0	0	
ELECTRIC		0	0	0	
ENGINEERING - MAINT.		0	0	0	
FIELD MANAGEMENT		0	0	0	
FOUNTAIN MAINTENANCE		0	0	0	
HYDRILLA TREATMENT		0	0	0	
LANDSCAPING MAINTENANCE & MATERIALS		0	0	0	
MITIGATION MAINTENANCE		0	0	0	
IRRIGATION		0	0	0	
IRRIGATION PARTS & REPAIR		0	0	0	
PEST CONTROL		0	0	0	
ROAD REPAIR		0	0	0	
SECURITY		0	0	0	
FENCE REPAIR		0	0	0	
SIDEWALK CLEANING		0	0	0	
SIDEWALK REPAIR		0	0	0	
SIGNAGE		0	0	0	
STREETLIGHTS		0	0	0	
STORMWATER MANAGEMENT		0	0	0	
TREE/PLANT REPLACEMENT & TRIM		0	0	0	
WETLAND UPLAND MAINTENANCE		0	0	0	
TOTAL MAINTENANCE EXPENSES		0	0	0	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	

TOTAL EXPENDITURES		$	68,609	$	82,008	$	77,811	

EXCESS / (SHORTFALL)		$	5,966	$	(11,882)	$	(7,684)	
					
PAYMENT TO TRUSTEE (2019 Bond)		0	0	0	
PAYMENT TO TRUSTEE (2020 Bond)		0	0	0	
BOND PREPAYMENTS TO TRUSTEE		0	0	0	
					
BALANCE		$	5,966	$	(11,882)	$	(7,684)	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(2,983)	(2,983)	(2,890)	
DISCOUNTS FOR EARLY PAYMENTS		(2,983)	(2,983)	(2,858)	
					
EXCESS / (SHORTFALL)		$	-	$	(17,848)	$	(13,431)	
					
CARRYOVER FROM PRIOR YEAR		-	17,848	13,431	
					
NET EXCESS / (SHORTFALL)		$	-	$	-	$	-	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		93,300	87,735	87,735	
DEBT ASSESSMENTS		200,225	197,749	197,749	
BOND PREPAYMENTS		0	0	0	
INTEREST INCOME		0	0	0	
OTHER INCOME: ENGINEERING REVENU	33,211	0	0	
SPECIAL BOND REVENUE			0	0	
STORMWATER			33,917	33,917	
DEVELOPER CONTRIBUTION - TIM		0	0	0	
FUND CARRY FORWARD		0	0	0	
TOTAL REVENUES		$	326,736	$	319,401	$	319,401	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		1,341	1,341	233	
AUDIT*		6,000	6,000	3,721	
DISSEMINATION AGENT		446	446		
DISTRICT COUNSEL		7,130	10,735	10,735	
MANAGEMENT		4,623	5,567	5,567	
ASSESSMENT ROLL		891	1,073	1,073	
TIF/SAD REBATE ANALYSIS		3,864	10,753	10,753	
DUES, LICENSES & FEES*		175	175	175	
ENGINEERING		25,995	29,490	29,490	
GENERAL INSURANCE*		5,100	5,435	5,435	
WEB SITE MAINTENANCE*		750	750	750	
LEGAL ADVERTISING		564	564	300	
MISCELLANEOUS		297	297	123	
TRAVEL AND PER DIEM		74	92	92	
OFFICE SUPPLIES		149	149	41	
OFFICE RENT		2,451	2,985	2,985	
POSTAGE & SHIPPING		74	118	118	
COPIES		371	371	215	
TRUSTEE FEES			679	679	
CONTINUING DISCLOSURE			268	268	
CAPITAL OUTLAY			0		
SUPERVISOR FEES*		800	800		
					
TOTAL ADMIN EXPENSES		61,095	78,088	72,753	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
					
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		3,736	3,736	2,102	
BULDING MAINTENANCE		83	83	0	
TIM OPERATIONS		0	0	0	
COMMON AREA MAINTENANCE		0	276	276	
MISCELLANEOUS MAINTENANCE		0	4,410	4,410	
CONTINGENCY		8,303	8,303	1,260	
ELECTRIC		2,076	2,076	122	
ENGINEERING - MAINT.		14,530	14,530	9,019	
FIELD MANAGEMENT		1,328	1,328	875	
FOUNTAIN MAINTENANCE & CHEMICALS		830	830	757	
IRRIGATION PARTS & REPAIRS		664	752	752	
IRRIGATION WATER		166	166	0	
LANDSCAPE MAINTENANCE		3,869	5,921	5,921	
MITIGATION MAINTENANCE		6,808	6,808	6,338	
PEST CONTROL		166	166	4	
SECURITY		3,321	3,321	0	
SIDEWALK CLEANING AND REPAIR		2,491	2,491	0	
SIGNAGE		830	830	22	
STORMWATER CONTROL		4,151	4,151	2,735	
STREETLIGHT MAINTENANCE AND REPAIR		166	166	0	
TREE/PLANT REPLACEMENT & TRIM		2,989	2,989	0	
TOTAL MAINTENANCE EXPENSES		56,509	63,334	34,592	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	

TOTAL EXPENDITURES		$	117,603	$	141,422	$	107,346	

EXCESS / (SHORTFALL)		$	209,133	$	177,979	$	212,056	
					
PAYMENT TO TRUSTEE (2019 Bond)		(99,328)	(101,135)	(101,135)	
PAYMENT TO TRUSTEE (2020 Bond)		(84,879)	(86,433)	(86,433)	
BOND PREPAYMENTS TO TRUSTEE		0	0	0	
					
BALANCE		$	24,925	$	(9,590)	$	24,487	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(11,741)	(11,741)	(11,373)	
DISCOUNTS FOR EARLY PAYMENTS		(11,741)	(11,741)	(11,248)	
					
EXCESS / (SHORTFALL)		$	1,443	$	(33,072)	$	1,866	
					
CARRYOVER FROM PRIOR YEAR		-	33,072		
					
NET EXCESS / (SHORTFALL)		$	1,443	$	-	$	1,866	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		416,642	391,791	391,791	
DEBT ASSESSMENTS		704,605	695,891	695,891	
BOND PREPAYMENTS		0	1,535,254	1,535,254	
INTEREST INCOME		0	17	17	
OTHER INCOME: ENGINEERING REVENU	0	0	0	
SPECIAL BOND REVENUE		0	561,161	561,161	
STORMWATER		350,454	567,858	567,858	
DEVELOPER CONTRIBUTION - TIM		1,113,700	1,113,700	0	
FUND CARRY FORWARD		0	0	0	
TOTAL REVENUES		$	2,585,401	$	4,865,672	$	3,751,972	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		3,256	3,256	473	
AUDIT*		6,000	7,573	7,573	
DISSEMINATION AGENT		1,082	1,082		
DISTRICT COUNSEL		17,317	21,848	21,848	
MANAGEMENT		11,227	11,330	11,330	
ASSESSMENT ROLL		2,165	2,184	2,184	
TIF/SAD REBATE ANALYSIS		9,384	21,885	21,885	
DUES, LICENSES & FEES*		175	175	175	
ENGINEERING		63,136	63,136	60,019	
GENERAL INSURANCE*		9,000	9,771	9,771	
WEB SITE MAINTENANCE*		750	750	750	
LEGAL ADVERTISING		1,371	1,371	610	
MISCELLANEOUS		722	722	250	
TRAVEL AND PER DIEM		180	187	187	
OFFICE SUPPLIES		361	361	84	
OFFICE RENT		5,953	6,075	6,075	
POSTAGE & SHIPPING		180	240	240	
COPIES		902	902	438	
TRUSTEE FEES		3,506	11,373	11,373	
CONTINUING DISCLOSURE		0	546	546	
CAPITAL OUTLAY		720,000	720,000	127,849	
SUPERVISOR FEES*		800	800	0	
					
TOTAL ADMIN EXPENSES		857,467	885,567	283,661	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
					
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		39,426	39,426	35,198	
BULDING MAINTENANCE		876	876	0	
TIM OPERATIONS		393,700	433,312	433,312	
COMMON AREA MAINTENANCE		0	4,624	4,624	
MISCELLANEOUS MAINTENANCE		0	73,831	73,831	
CONTINGENCY		87,613	87,613	21,091	
ELECTRIC		21,903	21,903	2,037	
ENGINEERING - MAINT.		153,324	153,324	151,004	
FIELD MANAGEMENT		14,018	14,656	14,656	
FOUNTAIN MAINTENANCE & CHEMICALS		8,761	12,667	12,667	
IRRIGATION PARTS & REPAIRS		7,009	12,583	12,583	
IRRIGATION WATER		1,752	1,752	0	
LANDSCAPE MAINTENANCE		40,828	99,138	99,138	
MITIGATION MAINTENANCE		71,843	106,119	106,119	
PEST CONTROL		1,752	1,752	69	
SECURITY		35,045	35,045	0	
SIDEWALK CLEANING AND REPAIR		26,284	26,284	0	
SIGNAGE		8,761	8,761	362	
STORMWATER CONTROL		43,807	45,783	45,783	
STREETLIGHT MAINTENANCE AND REPAIR		1,752	1,752	0	
TREE/PLANT REPLACEMENT & TRIM		31,541	31,541	0	
TOTAL MAINTENANCE EXPENSES		989,997	1,212,742	1,012,472	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	

TOTAL EXPENDITURES		$	1,847,464	$	2,098,309	$	1,296,133	

EXCESS / (SHORTFALL)		$	737,937	$	2,767,362	$	2,455,839	
					
PAYMENT TO TRUSTEE (2019 Bond)		(399,615)	(406,887)	(406,887)	
PAYMENT TO TRUSTEE (2020 Bond)		(248,621)	(253,174)	(253,174)	
BOND PREPAYMENTS TO TRUSTEE		0	(1,535,254)	(1,535,254)	
					
BALANCE		$	89,700	$	572,048	$	260,524	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(44,850)	(44,850)	(43,445)	
DISCOUNTS FOR EARLY PAYMENTS		(44,850)	(44,850)	(42,965)	
					
EXCESS / (SHORTFALL)		$	-	$	482,348	$	174,114	
					
CARRYOVER FROM PRIOR YEAR		-			
					
NET EXCESS / (SHORTFALL)		$	-	$	482,348	$	174,114	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
REVENUES					
O & M ASSESSMENTS - ADMIN & MAINT		103,342	97,178	97,178	
DEBT ASSESSMENTS		64,433	63,636	63,636	
BOND PREPAYMENTS		0	0	0	
INTEREST INCOME		0	0	0	
OTHER INCOME: ENGINEERING REVENU	0	0	0	
SPECIAL BOND REVENUE		0	0	0	
STORMWATER		16,335	18,149	18,149	
DEVELOPER CONTRIBUTION - TIM		0	0	0	
FUND CARRY FORWARD		0	0	0	
TOTAL REVENUES		$	184,110	$	178,963	$	178,963	
					
EXPENDITURES - ADMIN					
ARBITRAGE REBATE FEE*		1,904	1,904	198	
AUDIT*		6,000	6,000	3,168	
DISSEMINATION AGENT		633	633		
DISTRICT COUNSEL		10,124	10,124	9,140	
MANAGEMENT		6,564	6,564	4,740	
ASSESSMENT ROLL		1,266	1,266	914	
TIF/SAD REBATE ANALYSIS		5,486	9,155	9,155	
DUES, LICENSES & FEES*		175	175	175	
ENGINEERING		36,912	36,912	25,107	
GENERAL INSURANCE*		5,300	5,706	5,706	
WEB SITE MAINTENANCE*		750	750	750	
LEGAL ADVERTISING		802	802	255	
MISCELLANEOUS		422	422	105	
TRAVEL AND PER DIEM		105	105	78	
OFFICE SUPPLIES		211	211	35	
OFFICE RENT		3,480	3,480	2,541	
POSTAGE & SHIPPING		105	105	100	
COPIES		527	527	183	
TRUSTEE FEES		2,050	2,050	364	
CONTINUING DISCLOSURE		0	228	228	
CAPITAL OUTLAY		0	0	0	
SUPERVISOR FEES*		800	800	0	
					
TOTAL ADMIN EXPENSES		83,616	87,919	62,943	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
					
EXPENDITURES - MAINT					
AQUATIC MAINTENANCE		1,838	1,838	1,125	
BULDING MAINTENANCE		41	41		
TIM OPERATIONS		0	0		
COMMON AREA MAINTENANCE		0	148	148	
MISCELLANEOUS MAINTENANCE		0	2,360	2,360	
CONTINGENCY		4,084	4,084	674	
ELECTRIC		1,021	1,021	65	
ENGINEERING - MAINT.		7,147	7,147	4,826	
FIELD MANAGEMENT		653	653	468	
FOUNTAIN MAINTENANCE & CHEMICALS		408	408	405	
IRRIGATION PARTS & REPAIRS		327	402	402	
IRRIGATION WATER		82	82		
LANDSCAPE MAINTENANCE		1,903	3,169	3,169	
MITIGATION MAINTENANCE		3,349	3,392	3,392	
PEST CONTROL		82	82	2	
SECURITY		1,633	1,633		
SIDEWALK CLEANING AND REPAIR		1,225	1,225		
SIGNAGE		408	408	12	
STORMWATER CONTROL		2,042	2,042	1,463	
STREETLIGHT MAINTENANCE AND REPAIR		82	82		
TREE/PLANT REPLACEMENT & TRIM		1,470	1,470		
TOTAL MAINTENANCE EXPENSES		27,794	31,685	18,510	

		FISCAL YEAR 2021/2022 ANNUAL BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	

TOTAL EXPENDITURES		$	111,410	$	119,605	$	81,453	

EXCESS / (SHORTFALL)		$	72,700	$	59,359	$	97,510	
					
PAYMENT TO TRUSTEE (2019 Bond)		0	0	0	
PAYMENT TO TRUSTEE (2020 Bond)		(59,278)	(60,364)	(60,364)	
BOND PREPAYMENTS TO TRUSTEE		0	0	0	
					
BALANCE		$	13,422	$	(1,005)	$	37,146	
					
COUNTY APPRAISER & TAX COLLECTOR FEE		(6,711)	(6,711)	(6,501)	
DISCOUNTS FOR EARLY PAYMENTS		(6,711)	(6,711)	(6,429)	
					
EXCESS / (SHORTFALL)		$	-	$	(14,427)	$	24,217	
					
CARRYOVER FROM PRIOR YEAR		-	14,427		
					
NET EXCESS / (SHORTFALL)		$	-	$	-	$	24,217