A.H. At Turnpike South Community Development District

Amended Final Budget For Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

A.H. At TURNPIKE SOUTH COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR	AMENDED	YEAR	
	2017/2018	FINAL	TO DATE	
	BUDGET	BUDGET	ACTUAL	
	10/1/17 - 9/30/18	10/1/17 - 9/30/18	10/1/17 - 9/29/18	
O & M Assessments	87,534	90,409	90,409	
Debt Assessments (Series 2015)	352,394	352,394	352,394	
Debt Assessments (Series 2015)	287,017	287,017	287,017	
Other Revenue	0	0	0	
Interest Income	60	150	150	
				
TOTAL REVENUES	$	727,005	$	729,970	$	729,970	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Engineering/Inspections	5,000	2,500	2,500	
Management	30,564	30,564	30,564	
Legal	14,000	15,500	14,224	
Assessment Roll	7,500	3,750	3,750	
Audit Fees	3,000	4,500	4,500	
Insurance	6,003	5,750	5,750	
Legal Advertisements	1,500	1,500	925	
Miscellaneous	1,000	800	406	
Postage	650	270	255	
Office Supplies	950	670	630	
Dues & Subscriptions	175	175	175	
Trustee Fee	8,500	8,046	8,046	
Continuing Disclosure Fee	2,000	1,000	1,000	
Website Management	1,500	1,500	1,500	
TOTAL EXPENDITURES	$	82,342	$	76,525	$	74,225	
				
REVENUES LESS EXPENDITURES	$	644,663	$	653,445	$	655,745	
				
Bond Payments (Series 2015)	(331,250)	(337,898)	(337,898)	
Bond Payments (Series 2016)	(272,500)	(272,781)	(272,781)	
				
BALANCE	$	40,913	$	42,766	$	45,066	
				
County Appraiser & Tax Collector Fee	(13,638)	(7,038)	(7,038)	
Discounts For Early Payments	(27,275)	(25,652)	(25,652)	
				
EXCESS/ (SHORTFALL)	$	-	$	10,076	$	12,376	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	10,076	$	12,376	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

 	
$19,654	
$10,076	
$29,730	

.

A.H. AT TURNPIKE SOUTH (2015) COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE FUND FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income (2015)	50	752	752	
NAV Tax Collection (2015)	331,250	337,898	337,898	
Total Revenues	$	331,300	$	338,650	$	338,650	
				
EXPENDITURES				
Principal Payments (2015)	60,000	55,000	55,000	
Interest Payments (2015)	269,050	270,563	270,563	
Bond Redemption (2015)	2,250	0	0	
				
Total Expenditures	$	331,300	$	325,563	$	325,563	
				
Excess/ (Shortfall)	$	-	$	13,087	$	13,087	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

 	
$371,359	
$13,087	
$384,446	

Notes
Reserve Fund Balance = $165,975*. Revenue Fund Balance = $218,471*. Revenue Fund Balance To Be Used To Make 11/1/2018 Principal & Interest Payment Of $194,525 (Principal = $60,000, Interest = $134,525).
* Approximate Amounts

Series 2015 Bond Information

Original Par Amount =		$4,430,000	Annual Principal Payments Due:	
Interest Rate =		5.25% - 6.25%	November 1st	
Issue Date =		February 2015	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/18	

=	November 2046

$4,375,000	May 1st & November 1st	

A.H. AT TURNPIKE SOUTH (2016) COMMUNITY DEVELOPMENT DISTRICT
DEBT SERVICE FUND FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR	AMENDED	YEAR	
	2017/2018	FINAL	TO DATE	
	BUDGET	BUDGET	ACTUAL	
	10/1/17 - 9/30/18	10/1/17 - 9/30/18	10/1/17 - 9/29/18	
Interest Income (2016)	50	663	663	
NAV Tax Collection (2016)	272,500	272,781	272,781	
Total Revenues	$	272,550	$	273,444	$	273,444	
				
EXPENDITURES				
Principal Payments (2016)	60,000	0	0	
Interest Payments (2016)	208,488	208,488	208,488	
Bond Redemption (2016)	4,062	0	0	
Transfer To Construction Fund (2016)	0	267	267	
Total Expenditures	$	272,550	$	208,755	$	208,755	
				
Excess/ (Shortfall)	$	-	$	64,689	$	64,689	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

 	
$240,842	
$64,689	
$305,531	

Notes
Reserve Fund Balance = $136,250*. Revenue Fund Balance = $169,281*. Revenue Fund Balance To Be Used To Make 11/1/2018 Principal & Interest Payment Of $164,244 (Principal = $60,000, Interest = $104,244).
* Approximate Amounts

Series 2016 Bond Information

Original Par Amount =	$3,975,000	Annual Principal Payments Due:	
Interest Rate =	4% - 5.5%	November 1st	
Issue Date =	December 2016	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/18 =	November 2047

$3,975,000	May 1st & November 1st	

Capitalized Interest Was Set-Up Through November 2017