A.H. At Turnpike South Community Development District

Amended Final Budget For Year 2023/2024
October 1, 2023 - September 30, 2024

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)

A.H. AT TURNPIKE SOUTH COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET 10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
O&M Assessments	99,765	101,231	101,231	
Debt Assessments (2015)	350,799	350,799	350,799	
Debt Assessments (2016)	287,017	287,017	287,017	
Debt Assessments (2021)	113,617	113,617	113,617	
Other Revenue	0	0	0	
Interest Income	240	10,275	10,174	
TOTAL REVENUES	$	851,438	$	862,939	$	862,838	
				
EXPENDITURES				
Supervisor Fees	5,000	2,400	2,400	
Payroll Taxes (Employer)	400	183	183	
Engineering/Inspections	3,250	13,000	9,856	
Management	34,944	34,944	34,944	
Legal	12,500	11,000	9,945	
Assessment Roll	7,500	7,500	7,500	
Audit Fees	5,500	5,500	5,500	
Insurance	6,700	6,594	6,594	
Legal Advertisements	1,200	6,500	4,977	
Miscellaneous	925	750	297	
Meeting Venue	1,500	1,500	1,500	
Postage	425	275	253	
Office Supplies	800	475	411	
Dues & Subscriptions	175	175	175	
Trustee Fees	13,000	12,722	12,722	
Continuing Disclosure Fee	1,200	1,050	1,050	
Website Management	2,000	2,000	2,000	
Contingency	4,000	4,000	0	
TOTAL EXPENDITURES	$	101,019	$	110,568	$	100,307	
				
REVENUES LESS EXPENDITURES	$	750,419	$	752,371	$	762,531	
				
Bond Payments (Series 2015)	(329,751)	(333,961)	(333,961)	
Bond Payments (Series 2016)	(272,500)	(273,240)	(273,240)	
Bond Payments (Series 2021)	(107,936)	(108,163)	(108,163)	
				
BALANCE	$	40,232	$	37,007	$	47,167	
				
County Appraiser & Tax Collector Fee	(15,744)	(8,190)	(8,190)	
Discounts For Early Payments	(31,488)	(32,674)	(32,674)	
				
EXCESS/ (SHORTFALL)	$	(7,000)	$	(3,857)	$	6,303	
				
Carryover From Prior Year	7,000	7,000	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	3,143	$	6,303	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$122,607	
($3,857)	
$118,750	

Notes
Carryover From Prior Year Of $7,000 used to reduce Fiscal Year 2023/2024 Assessments. Carryover From Prior Year Of $7,000 to be used to reduce Fiscal Year 2024/2025 Assessments.

I

REVENUES	FISCAL YEAR 2023/2024 BUDGET
10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Interest Income (2015)	100	18,500	18,462	
NAV Tax Collection (2015)	329,751	334,205	334,205	
Prepaid Bond Collection (2015)	0	0	0	
Total Revenues	$	329,851	$	352,705	$	352,667	
				
EXPENDITURES				
Principal Payments (2015)	85,000	80,000	80,000	
Interest Payments (2015)	244,688	247,488	247,488	
Bond Redemption (2015)	163	0	0	
				
Total Expenditures	$	329,851	$	327,488	$	327,488	
				
Excess/ (Shortfall)	$	-	$	25,217	$	25,179	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$561,976	
$25,217	
$587,193	

Notes
Reserve Fund Balance = $167,406*. Revenue Fund Balance = $294,577*. Prepayment Account Balance = $4,196*. Redemption Account = $121,014*. Revenue Fund Balance To Be Used To Make 11/1/2024 Principal & Interest Payment Of $207,644 (Principal = $85,000, Interest = $122,644).
* 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 9/30/24	

=	November 2046

$3,945,000	May 1st & November 1st	

REVENUES	FISCAL YEAR 2023/2024 BUDGET
10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Interest Income (2016)	100	15,250	15,216	
NAV Tax Collection (2016)	272,500	273,240	273,240	
Total Revenues	$	272,600	$	288,490	$	288,456	
				
EXPENDITURES				
Principal Payments (2016)	80,000	75,000	75,000	
Interest Payments (2016)	191,631	193,459	193,459	
Bond Redemption (2016)	969	0	0	
Transfer To Construction Fund (2016)	0	0	0	
Total Expenditures	$	272,600	$	268,459	$	268,459	
				
Excess/ (Shortfall)	$	-	$	20,031	$	19,997	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$341,326	
$20,031	
$361,357	

Notes
Reserve Fund Balance = $136,250*. Revenue Fund Balance = $220,673*. Prepayment Account Balance = $4,434*.
Revenue Fund Balance To Be Used To Make 11/1/2024 Principal & Interest Payment Of $175,816 (Principal = $80,000, Interest = $95,816).
* 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 9/30/24 =	November 2047

$3,570,000	May 1st & November 1st	

REVENUES	FISCAL YEAR 2023/2024 BUDGET
10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Interest Income (2021)	100	5,430	5,413	
NAV Tax Collection (2021)	107,936	108,163	108,163	
Total Revenues	$	108,036	$	113,593	$	113,576	
				
EXPENDITURES				
Principal Payments (2021)	40,000	40,000	40,000	
Interest Payments (2021)	63,935	64,405	64,405	
Bond Redemption (2021)	0	0	0	
Transfer To Construction Fund (2021)	4,101	0	0	
Total Expenditures	$	108,036	$	104,405	$	104,405	
				
Excess/ (Shortfall)	$	-	$	9,188	$	9,171	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$103,027	
$9,188	
$112,215	

Notes
Reserve Fund Balance = $53,968*. Revenue Fund Balance = $58,247*. Revenue Fund Balance To Be Used To Make 11/1/2024 Interest Payment Of $31,733.
* 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 9/30/24 =	May 2051

$1,795,000	May 1st & November 1st