Crestview West Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
CRESTVIEW WEST COMMUNITY DEVELOPMENT DISTRICT OPERATING 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	
Administrative Assessments	45,101	45,773	45,773	
Maintenance Assessments	979	979	979	
Debt Assessments	168,769	168,769	168,769	
Other Revenues	0	0	0	
Interest	48	61	61	
				
TOTAL REVENUES	$	214,897	$	215,582	$	215,582	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Engineering - Annual Report/Inspections	720	850	850	
Miscellaneous Maintenance	200	100	0	
TOTAL MAINTENANCE EXPENDITURES	$	920	$	950	$	850	
				
ADMINISTRATIVE EXPENDITURES				
Management	16,800	16,800	16,800	
Legal	6,400	7,089	7,089	
Assessment Roll	3,750	3,750	3,750	
Audit Fees	3,700	3,700	3,700	
Insurance	5,778	5,750	5,750	
Legal Advertisements	500	513	513	
Miscellaneous	510	500	339	
Postage	150	150	145	
Office Supplies	400	400	373	
Dues & Subscriptions	175	175	175	
Trustee Fee	2,500	2,500	2,500	
Continuing Disclosure Fee	480	350	350	
Website Management	1,300	1,300	1,300	
TOTAL ADMINISTRATIVE EXPENDITURES	$	42,443	$	42,977	$	42,784	
				
TOTAL EXPENDITURES	$	43,363	$	43,927	$	43,634	
				
REVENUES LESS EXPENDITURES	$	171,534	$	171,655	$	171,948	
				
Bond Payments	(158,643)	(161,512)	(161,512)	
				
BALANCE	$	12,891	$	10,143	$	10,436	
				
County Appraiser & Tax Collector Fee	(4,297)	(2,082)	(2,082)	
Discounts For Early Payments	(8,594)	(7,162)	(7,162)	
				
EXCESS/ (SHORTFALL)	$	-	$	899	$	1,192	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	899	$	1,192	

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

$11,031	
$899	
$11,930	

.

10/30/2018  9:36 AM	I

AMENDED FINAL BUDGET
CRESTVIEW WEST 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	50	1,842	1,842	
NAV Tax Collection	158,643	161,512	161,512	
Total Revenues	$	158,693	$	163,354	$	163,354	
				
EXPENDITURES				
Principal Payments	46,000	44,000	44,000	
Interest Payments	112,390	113,270	113,270	
Bond Redemption	303	0	0	
				
Total Expenditures	$	158,693	$	157,270	$	157,270	
				
Excess/ (Shortfall)	$	-	$	6,084	$	6,084	

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

$148,133	
$6,084	
$154,217	

Notes
Reserve Fund Balance = $39,988*. Revenue Fund Balance = $114,207*. Revenue Fund Balance To Be Used To Make 11/1/2018 Principal & Interest Payment Of $102,195 -
Principal Payment Of $46,000 & Interest Payment Of $56,195.
* Approximate Amounts

Series 2014 Bond Information
Original Par Amount =	$2,462,000	Annual Principal Payments Due:	
Interest Rate =	4.00% - 5.00%	November 1st	
Issue Date =	November 2014	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/18:	November 2044

$2,332,000	May 1st & November 1st	

10/30/2018 9:36 AM	II