A.H. At Turnpike South Community Development District

Amended Final Budget For Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET (2015) III	AMENDED FINAL DEBT SERVICE FUND BUDGET (2016) IV AMENDED FINAL DEBT SERVICE FUND BUDGET (2021)

A.H. At TURNPIKE SOUTH COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
O&M Assessments	87,381	88,928	88,928	
Debt Assessments (2015)	352,394	350,799	350,799	
Debt Assessments (2016)	287,017	287,017	287,017	
Debt Assessments (2021)	0	0	0	
Other Revenue	0	0	0	
Interest Income	120	400	399	
				
TOTAL REVENUES	$	726,912	$	727,144	$	727,143	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Engineering/Inspections	3,250	2,500	0	
Management	32,508	32,508	32,508	
Legal	13,000	9,500	7,490	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	4,600	3,700	3,700	
Insurance	6,100	5,513	5,513	
Legal Advertisements	1,300	1,200	646	
Miscellaneous	975	800	498	
Postage	500	225	220	
Office Supplies	850	400	368	
Dues & Subscriptions	175	175	175	
Trustee Fees	8,500	8,045	8,045	
Continuing Disclosure Fee	1,000	1,200	1,200	
Website Management	2,000	2,000	2,000	
				
TOTAL EXPENDITURES	$	82,258	$	75,266	$	69,863	
				
REVENUES LESS EXPENDITURES	$	644,654	$	651,878	$	657,280	
				
Bond Payments (Series 2015)	(331,250)	(335,377)	(335,377)	
Bond Payments (Series 2016)	(272,500)	(273,221)	(273,221)	
Bond Payments (Series 2021)	0	0	0	
				
BALANCE	$	40,904	$	43,280	$	48,682	
				
County Appraiser & Tax Collector Fee	(13,635)	(7,005)	(7,005)	
Discounts For Early Payments	(27,269)	(26,235)	(26,235)	
				
EXCESS/ (SHORTFALL)	$	-	$	10,040	$	15,442	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	10,040	$	15,442	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$67,952	
$10,040	
$77,992	

.

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income (2015)	50	19	17	
NAV Tax Collection (2015)	331,250	335,377	335,377	
Prepaid Bond Collection (2015)	0	0	0	
Total Revenues	$	331,300	$	335,396	$	335,394	
				
EXPENDITURES				
Principal Payments (2015)	70,000	65,000	65,000	
Interest Payments (2015)	258,600	259,919	259,919	
Bond Redemption (2015)	2,700	15,000	15,000	
				
Total Expenditures	$	331,300	$	339,919	$	339,919	
				
Excess/ (Shortfall)	$	-	$	(4,523)	$	(4,525)	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$421,344	
($4,523)	
$416,821	

Notes
Reserve Fund Balance = $167,406*. Revenue Fund Balance = $245,478*. Prepayment Account Balance = $3,937*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Principal & Interest Payment Of $198,831 (Principal = $70,000, Interest = $128,831).
* 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 9/30/21	

=	November 2046

$4,170,000	May 1st & November 1st	

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income (2016)	50	15	13	
NAV Tax Collection (2016)	272,500	273,221	273,221	
Total Revenues	$	272,550	$	273,236	$	273,234	
				
EXPENDITURES				
Principal Payments (2016)	70,000	65,000	65,000	
Interest Payments (2016)	200,888	202,188	202,188	
Bond Redemption (2016)	1,662	0	0	
Transfer To Construction Fund (2016)	0	7	6	
Total Expenditures	$	272,550	$	267,195	$	267,194	
				
Excess/ (Shortfall)	$	-	$	6,041	$	6,040	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$314,606	
$6,041	
$320,647	

Notes
Reserve Fund Balance = $136,250*. Revenue Fund Balance = $184,397*. Revenue Fund Balance To Be Used To Make 11/1/2021 Principal & Interest Payment Of $170,444 (Principal = $70,000, Interest = $100,444).
* 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 9/30/21 =	November 2047

$3,785,000	May 1st & November 1st	

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income (2021)	0	2	2	
Debt Proceeds	0	96,501	96,501	
NAV Tax Collection (2021)	0	0	0	
Total Revenues	$	-	$	96,503	$	96,503	
				
EXPENDITURES				
Principal Payments (2021)	0	0	0	
Interest Payments (2021)	0	0	0	
Bond Redemption (2021)	0	0	0	
Transfer To Construction Fund (2021)	0	0	0	
Total Expenditures	$	-	$	-	$	-	
				
Excess/ (Shortfall)	$	-	$	96,503	$	96,503	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$0	
$96,503	
$96,503	

Notes
Reserve Fund Balance = $53,968*. Revenue Fund Balance = $0*. Capitalized Interest Balance = $42,535.
Capitalized Interest Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $42,533.
Capital Projects Debt Proceeds = $1,818,499. Total Bond Proceeds = $1,915,000. FY 2020/2021 Premium Revenue = $35,304.
FY 2020/2021 Capital Outlays = $1,655,144. FY 2020/2021 Cost Of Issuance = $191,400.
* Approximate Amounts

Series 2021 Bond Information

Original Par Amount =	$1,915,000	Annual Principal Payments Due:	
Interest Rate =	2.35% - 4%	May 1st	
Issue Date =	March 2021	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/21 =	May 2051

$1,915,000	May 1st & November 1st