Tree Island Estates Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 09/30/19	AMENDED FINAL BUDGET
10/1/18 - 09/30/19	YEAR TO DATE ACTUAL
10/1/18 - 09/29/19	
Administrative Assessments	60,490	60,856	60,856	
Maintenance Assessments	60,172	60,172	60,172	
Debt Assessments	124,143	124,143	124,143	
Other Revenues	0	0	0	
Interest Income	300	410	401	
				
Total Revenues	$	245,105	$	245,581	$	245,572	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	5,000	2,400	2,400	
Employer Taxes - Payroll	400	184	184	
Management	24,276	24,276	24,276	
Secretarial	3,900	3,900	3,900	
Legal	10,000	9,000	7,350	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,900	3,400	3,400	
Insurance	6,360	5,000	5,000	
Legal Advertisements	550	550	369	
Miscellaneous	1,200	1,200	1,072	
Postage	300	135	123	
Office Supplies	650	275	242	
Website	500	500	500	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,600	3,548	3,548	
Continuing Disclosure Fee	350	350	350	
TOTAL ADMINISTRATIVE EXPENDITURES	$	67,161	$	60,893	$	58,889	
				
MAINTENANCE EXPENDITURES				
Aquatic Maintenance	4,000	4,000	2,280	
Lawn/Landscape Maintenance	11,000	14,500	13,073	
Preserve Maintenance	16,000	14,000	12,090	
Maintenance Contingency	10,702	4,500	3,496	
Irrigation System Maintenance	2,860	250	0	
Entrance Feature Project	10,000	3,500	795	
Engineering/Inspections	2,000	2,600	2,600	
				
TOTAL MAINTENANCE EXPENDITURES	$	56,562	$	43,350	$	34,334	
				
TOTAL EXPENDITURES	$	123,723	$	104,243	$	93,223	
				
REVENUES LESS EXPENDITURES	$	121,382	$	141,338	$	152,349	
				
Bond Payments	(116,694)	(118,373)	(118,373)	
				
Balance	$	4,688	$	22,965	$	33,976	
				
County Appraiser & Tax Collector Fee	(4,896)	(2,360)	(2,360)	
Discounts For Early Payments	(9,792)	(9,022)	(9,022)	
				
EXCESS/ (SHORTFALL)	$	(10,000)	$	11,583	$	22,594	
				
Carryover From Prior Year	10,000	10,000	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	21,583	$	22,594	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$149,122	
$11,583	
$160,705	

Note
$10,000 Of Fund Balance Used To Reduce 2018/2019 Assessments.
$8,072 Of Fund Balance To Be Used To Reduce 2019/2020 Assessments.

10/14/2019 1:36 PM	I

AMENDED FINAL BUDGET
TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 09/30/19	AMENDED FINAL BUDGET
10/1/18 - 09/30/19	YEAR TO DATE ACTUAL
10/1/18 - 09/29/19	
Interest Income	50	550	538	
NAV Tax Collection	116,694	118,373	118,373	
Total Revenues	$	116,744	$	118,923	$	118,911	
				
EXPENDITURES				
Principal Payments	70,000	70,000	70,000	
Interest Payments	44,363	45,338	45,338	
Bond Redemption	2,381	10,000	10,000	
				
Total Expenditures	$	116,744	$	125,338	$	125,338	
				
Excess/ (Shortfall)	$	-	$	(6,415)	$	(6,427)	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$106,749	
($6,415)	
$100,334	

Notes
Reserve Fund Balance = $58,930*. Revenue Fund Balance = $41,404*. Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $21,450.
* Approximate Amounts

Series 2014 Bond Refunding Information
Original Par Amount =	$1,680,000	Annual Principal Payments Due: Interest Rate =	3.25%*	May 1st
Issue Date =	May 2014	Annual Interest Payments Due:
Maturity Date =	May 2034	May 1st & November 1st

Par Amount As Of 9/30/19 =	$1,320,000
* Rate Is Adjustable After Ten Years

10/14/2019 1:36 PM	II