Title: AH Amended Final Budget 2021-2022.xlsx
Author: JWalker

A.H. At Turnpike South Community Development District

Amended Final Budget For Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET (2015)

AMENDED FINAL DEBT SERVICE FUND BUDGET (2016)

AMENDED FINAL DEBT SERVICE FUND BUDGET (2021)

AMENDED FINAL BUDGET
A.H. At TURNPIKE SOUTH COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

O&M Assessments | 99,954 | 85,506 | 85,506
Direct Bill - O&M | 0 | 14,302 | 14,302
Debt Assessments (2015) | 350,799 | 350,800 | 350,800
Debt Assessments (2016) | 287,017 | 287,018 | 287,018
Debt Assessments (2021) | 113,617 | 0 | 0
Direct Bill - Debt (2021) | 0 | 107,936 | 107,936
Other Revenue | 0 | 0 | 0
Interest Income | 120 | 23 | 23
TOTAL REVENUES | $	851,507 | $	845,585 | $	845,585
EXPENDITURES | | |
Supervisor Fees | 0 | 0 | 0
Engineering/Inspections | 3,250 | 2,500 | 0
Management | 32,952 | 32,952 | 32,952
Legal | 13,000 | 7,807 | 7,807
Assessment Roll | 7,500 | 7,500 | 7,500
Audit Fees | 5,500 | 5,300 | 5,300
Insurance | 6,100 | 5,706 | 5,706
Legal Advertisements | 1,300 | 1,100 | 702
Miscellaneous | 975 | 540 | 540
Postage | 475 | 146 | 146
Office Supplies | 850 | 456 | 456
Dues & Subscriptions | 175 | 175 | 175
Trustee Fees | 13,000 | 12,184 | 12,184
Continuing Disclosure Fee | 2,000 | 1,200 | 1,200
Website Management | 2,000 | 2,000 | 2,000
Contingency | 5,000 | 2,500 | 0
TOTAL EXPENDITURES | $	94,077 | $	82,066 | $	76,668
REVENUES LESS EXPENDITURES | $	757,430 | $	763,519 | $	768,917
Bond Payments (Series 2015) | (329,751) | (334,453) | (334,453)
Bond Payments (Series 2016) | (272,500) | (273,644) | (273,644)
Bond Payments (Series 2021) | (107,936) | (107,936) | (107,936)
BALANCE | $	47,243 | $	47,486 | $	52,884
County Appraiser & Tax Collector Fee | (15,748) | (6,966) | (6,966)
Discounts For Early Payments | (31,495) | (26,713) | (26,713)
EXCESS/ (SHORTFALL) | $	- | $	13,807 | $	19,205
Carryover From Prior Year | 0 | 0 | 0
NET EXCESS/ (SHORTFALL) | $	- | $	13,807 | $	19,205

FUND BALANCE AS OF 9/30/21
FY 2021/2022 ACTIVITY
FUND BALANCE AS OF 9/30/22

$82,895
$13,807
$96,702

Notes
Carryover From Prior Year Of $17,400 to be used to reduce Fiscal Year 2022/2023 Assessments.

I

AMENDED FINAL BUDGET
A.H. AT TURNPIKE SOUTH (2015) COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Interest Income (2015) | 25 | 20 | 20
NAV Tax Collection (2015) | 329,751 | 334,453 | 334,453
Prepaid Bond Collection (2015) | 0 | 0 | 0
Total Revenues | $	329,776 | $	334,473 | $	334,473
EXPENDITURES | | |
Principal Payments (2015) | 75,000 | 70,000 | 70,000
Interest Payments (2015) | 253,813 | 255,738 | 255,738
Bond Redemption (2015) | 963 | 0 | 0
Total Expenditures | $	329,776 | $	325,738 | $	325,738
Excess/ (Shortfall) | $	- | $	8,735 | $	8,735

FUND BALANCE AS OF 9/30/21
FY 2021/2022 ACTIVITY
FUND BALANCE AS OF 9/30/22

$416,821
$8,735
$425,556

Notes
Reserve Fund Balance = $167,406*. Revenue Fund Balance = $254,213*. Prepayment Account Balance = $3,937*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Principal & Interest Payment Of $201,906 (Principal = $75,000, Interest = $126,906).
* 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 9/30/22

=

November 2046

$4,100,000

May 1st & November 1st

II

AMENDED FINAL BUDGET
A.H. AT TURNPIKE SOUTH (2016) COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Interest Income (2016) | 25 | 14 | 14
NAV Tax Collection (2016) | 272,500 | 273,644 | 273,644
Total Revenues | $	272,525 | $	273,658 | $	273,658
EXPENDITURES | | |
Principal Payments (2016) | 70,000 | 70,000 | 70,000
Interest Payments (2016) | 198,088 | 199,488 | 199,488
Bond Redemption (2016) | 4,437 | 0 | 0
Transfer To Construction Fund (2016) | 0 | 6 | 6
Total Expenditures | $	272,525 | $	269,494 | $	269,494
Excess/ (Shortfall) | $	- | $	4,164 | $	4,164

FUND BALANCE AS OF 9/30/21
FY 2021/2022 ACTIVITY
FUND BALANCE AS OF 9/30/22

$320,648
$4,164
$324,812

Notes
Reserve Fund Balance = $136,250*. Revenue Fund Balance = $188,562*. Revenue Fund Balance To Be Used To Make 11/1/2022 Principal & Interest Payment Of $169,044 (Principal = $70,000, Interest = $99,044).
* 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 9/30/22 =

November 2047

$3,715,000

May 1st & November 1st

III

AMENDED FINAL BUDGET
A.H. AT TURNPIKE SOUTH (2021) COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES

FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22

AMENDED FINAL BUDGET
10/1/21 - 9/30/22

YEAR TO DATE ACTUAL
10/1/21 - 9/29/22

Interest Income (2021) | 25 | 6 | 6
NAV Tax Collection (2021) | 107,936 | 107,936 | 107,936
Total Revenues | $	107,961 | $	107,942 | $	107,942
EXPENDITURES | | |
Principal Payments (2021) | 40,000 | 40,000 | 40,000
Interest Payments (2021) | 65,815 | 75,675 | 75,675
Bond Redemption (2021) | 2,146 | 0 | 0
Transfer To Construction Fund (2021) | 0 | 3 | 3
Total Expenditures | $	107,961 | $	115,678 | $	115,678
Excess/ (Shortfall) | $	- | $	(7,736) | $	(7,736)

FUND BALANCE AS OF 9/30/21
FY 2021/2022 ACTIVITY
FUND BALANCE AS OF 9/30/22

$104,003
($7,736)
$96,267

Notes
Reserve Fund Balance = $53,968*. Revenue Fund Balance = $42,299*. Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $32,673.
* 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 9/30/22 =

May 2051

$1,875,000

May 1st & November 1st

IV