A.H. At Turnpike South Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
A.H. At TURNPIKE SOUTH COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
O&M Assessments	87,439	89,990	89,990	
Debt Assessments (2015)	352,394	352,394	352,394	
Debt Assessments (2016)	287,017	287,017	287,017	
Other Revenue	0	16,500	16,500	
Interest Income	120	322	322	
				
TOTAL REVENUES	$	726,970	$	746,223	$	746,223	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Engineering/Inspections	3,250	0	0	
Management	31,788	31,788	31,788	
Legal	13,500	11,041	11,041	
Legal - Extraordinary	0	16,500	16,500	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	4,600	3,600	3,600	
Insurance	6,250	5,251	5,251	
Legal Advertisements	1,300	6,000	4,684	
Miscellaneous	1,000	1,000	262	
Postage	550	355	343	
Office Supplies	900	675	639	
Dues & Subscriptions	175	175	175	
Trustee Fees	8,500	8,046	8,046	
Continuing Disclosure Fee	1,000	850	850	
Website Management	2,000	2,000	2,000	
				
TOTAL EXPENDITURES	$	82,313	$	94,781	$	92,679	
				
REVENUES LESS EXPENDITURES	$	644,657	$	651,442	$	653,544	
				
Bond Payments (Series 2015)	(331,250)	(337,410)	(337,410)	
Bond Payments (Series 2016)	(272,500)	(272,781)	(272,781)	
				
BALANCE	$	40,907	$	41,251	$	43,353	
				
County Appraiser & Tax Collector Fee	(13,636)	(7,026)	(7,026)	
Discounts For Early Payments	(27,271)	(26,210)	(26,210)	
				
EXCESS/ (SHORTFALL)	$	-	$	8,015	$	10,117	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	8,015	$	10,117	

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

$57,833	
$8,015	
$65,848	

.

AMENDED FINAL BUDGET
A.H. AT TURNPIKE SOUTH (2015) 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 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income (2015)	50	266	266	
NAV Tax Collection (2015)	331,250	337,410	337,410	
Prepaid Bond Collection (2015)	0	18,937	18,937	
Total Revenues	$	331,300	$	356,613	$	356,613	
				
EXPENDITURES				
Principal Payments (2015)	65,000	65,000	65,000	
Interest Payments (2015)	262,175	263,963	263,963	
Bond Redemption (2015)	4,125	0	0	
				
Total Expenditures	$	331,300	$	328,963	$	328,963	
				
Excess/ (Shortfall)	$	-	$	27,650	$	27,650	

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

$393,694	
$27,650	
$421,344	

Notes
Reserve Fund Balance = $167,406*. Revenue Fund Balance = $235,001*. Prepayment Account Balance = $18,937*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Principal & Interest Payment Of $196,088 (Principal = $65,000, Interest = $131,088).
Prepayment Account Balance To Be Used To Make Extraordinary Principal Payment Of $15,000.
* 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 9/30/20	

=	November 2046

$4,250,000	May 1st & November 1st	

AMENDED FINAL BUDGET
A.H. AT TURNPIKE SOUTH (2016) 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 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income (2016)	25	207	207	
NAV Tax Collection (2016)	272,500	272,781	272,781	
Total Revenues	$	272,525	$	272,988	$	272,988	
				
EXPENDITURES				
Principal Payments (2016)	65,000	65,000	65,000	
Interest Payments (2016)	203,488	204,788	204,788	
Bond Redemption (2016)	4,037	0	0	
Transfer To Construction Fund (2016)	0	114	114	
Total Expenditures	$	272,525	$	269,902	$	269,902	
				
Excess/ (Shortfall)	$	-	$	3,086	$	3,086	

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

$311,519	
$3,086	
$314,605	

Notes
Reserve Fund Balance = $136,250*. Revenue Fund Balance = $178,355*. Revenue Fund Balance To Be Used To Make 11/1/2020 Principal & Interest Payment Of $166,744 (Principal = $65,000, Interest = $101,744).
* 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 =	November 2047	May 1st & November 1st	

Par Amount As Of 9/30/20 =	
$3,850,000