Tree Island Estates Community Development District

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

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 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 09/30/20	AMENDED FINAL BUDGET
10/1/19 - 09/30/20	YEAR TO DATE ACTUAL
10/1/19 - 09/29/20	
Administrative Assessments	62,298	62,741	62,741	
Maintenance Assessments	58,362	58,362	58,362	
Debt Assessments	124,143	124,143	124,143	
Other Revenues	0		0	
Interest Income	300	242	242	
				
Total Revenues	$	245,103	$	245,488	$	245,488	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	5,000	2,400	2,400	
Employer Taxes - Payroll	400	184	184	
Management	24,732	24,732	24,732	
Secretarial	3,900	3,900	3,900	
Legal	9,500	7,000	5,965	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,500	3,500	3,500	
Insurance	6,360	5,251	5,251	
Legal Advertisements	550	850	579	
Miscellaneous	1,200	1,000	611	
Postage	300	115	108	
Office Supplies	625	130	117	
Website	750	750	750	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,600	3,548	3,548	
Continuing Disclosure Fee	350	350	350	
TOTAL ADMINISTRATIVE EXPENDITURES	$	66,942	$	59,885	$	58,170	
				
MAINTENANCE EXPENDITURES				
Aquatic Maintenance	3,500	2,700	2,700	
Lawn/Landscape Maintenance	12,500	16,100	15,070	
Preserve Maintenance	16,000	15,300	15,300	
Maintenance Contingency	8,000	2,000	0	
Irrigation System Maintenance	2,860	2,550	2,044	
Entrance Feature Project	10,000	3,000	2,303	
Engineering/Inspections	2,000	1,000	0	
				
TOTAL MAINTENANCE EXPENDITURES	$	54,860	$	42,650	$	37,417	
				
TOTAL EXPENDITURES	$	121,802	$	102,535	$	95,587	
				
REVENUES LESS EXPENDITURES	$	123,301	$	142,953	$	149,901	
				
Bond Payments	(116,694)	(118,389)	(118,389)	
				
Balance	$	6,607	$	24,564	$	31,512	
				
County Appraiser & Tax Collector Fee	(4,896)	(2,361)	(2,361)	
Discounts For Early Payments	(9,792)	(8,990)	(8,990)	
				
EXCESS/ (SHORTFALL)	$	(8,081)	$	13,213	$	20,161	
				
Carryover From Prior Year	8,081	8,081	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	21,294	$	20,161	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$167,389	
$13,213	
$180,602	

Note
$8,081 Of Fund Balance Used To Reduce 2019/2020 Assessments.
$9,036 Of Fund Balance To Be Used To Reduce 2020/2021 Assessments.

10/19/2020 9:06 AM	I

AMENDED FINAL BUDGET
TREE ISLAND ESTATES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 09/30/20	AMENDED FINAL BUDGET
10/1/19 - 09/30/20	YEAR TO DATE ACTUAL
10/1/19 - 09/29/20	
Interest Income	50	741	740	
NAV Tax Collection	116,694	118,389	118,389	
Total Revenues	$	116,744	$	119,130	$	119,129	
				
EXPENDITURES				
Principal Payments	70,000	70,000	70,000	
Interest Payments	41,763	42,900	42,900	
Bond Redemption	4,981	0	0	
				
Total Expenditures	$	116,744	$	112,900	$	112,900	
				
Excess/ (Shortfall)	$	-	$	6,230	$	6,229	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$100,465	
$6,230	
$106,695	

Notes
Reserve Fund Balance = $59,437*. Revenue Fund Balance = $47,258*. Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $20,313.
* 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 9/30/20 =	$1,250,000
* Rate Is Adjustable After Ten Years

10/19/2020 9:06 AM	II